Neiro Ethereum (NEIRO): Could it rival DOGE and become the next billion-dollar Meme?
远山洞见2024/08/01 10:02
By:远山洞见
I. Project introduction
Neiro is a recently popular Meme token on the Ethereum chain, originating from the cultural legend of Dogecoin ($DOGE). The project is named after the new pet Neiro raised by the owner of the famous Shiba Inu Kabosu, Kabosu's mother. After Kabosu's death, Kabosu's mother posted a photo of the new pet Neiro, which quickly sparked widespread attention and discussion on social media. The market has shown great interest and enthusiasm for this new pet and its named token, driving up the price of Neiro token rapidly.
Neiro Ethereum (NEIRO) is the most representative token in the Neiro theme, leading in terms of on-chain liquidity pool/trading volume and market attention.
Narrative Description
In the world of Meme, stories and emotions are often powerful forces driving the market. The birth of Neiro is such a legendary story. Neiro is the famous "sister" of Dogecoin ($DOGE), named after the new pet raised by the owner of Shiba Inu Kabosu - Kabosu's mother
Kabosu's passing has sparked endless nostalgia and grief. Against this backdrop, Kabosu's mother released a photo of her new pet Neiro. The news quickly spread on social media and the cryptocurrency community, causing widespread attention and discussion. Neiro's appearance is not only a commemoration of Kabosu, but also a continuation of this cultural legend.
With the release of Neiro's photos, the market has shown great interest and enthusiasm for the Neiro token, driving its price up rapidly. The Neiro token is not only a new investment opportunity, but also a symbol with a deep emotional and cultural background. Through innovative LP burning and contract permission abandonment strategies, it has attracted a large number of investors and supporters.
Every step of Neiro follows closely in the footsteps of its predecessor Kabosu, while also exploring and creating its own path. With its unique story and strong community support, Neiro is gradually becoming a shining star on the Ethereum network.
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III. Market value expectations
NEIRO has native advantages compared to other Memes. Currently, it is recognized by the market as the sister of DOGE. The project team will also operate the project against phenomenal Memes such as DOGE/SHIB. The token was created in less than a week, and the overall market value is approaching 200 million US dollars. There are well-known Kols promoting the project in various regions on social media, and the market sentiment is very FOMO.
Just like the tweet forwarded by the project party:
NEIRO 's current trading market value is $165 million, while
DOGE reached a historical high of $88B in the last cycle. If you invest in
NEIRO , when the market value reaches the historical high of DOGE, you will generate a huge return of 537 times.
As of now, according to AveAi data, NEIRO is the first hot search token on the ETH chain, and its 24H trading volume ranks third only after WETH and WBTC. The total market value of NEIRO is 190 million US dollars, and the market value of DOGE is 17.40 billion US dollars. Perhaps, with the huge traffic heat and excited market sentiment, it will be comparable to DOGE in terms of market value in the future. In the crypto world, anything is possible.
IV. Economic models and on-chain chip analysis
The initial supply of Neiro is 1B (1 billion), currently in full circulation. Liquidity has been completely burned, effectively reducing the circulating supply in the market, thereby increasing the scarcity of the token.
The current price of Neiro token is $0.1798, and the liquidity pool is $1.50 million. The fully diluted valuation and market cap are both $180 million. In the past 24 hours, the token trading volume has approached $20 million, and the number of transactions is about to exceed 10,000. These data indicate that the market demand and attention for Neiro token are high. The buying volume is slightly higher than the selling volume, indicating strong buying power in the market, further supporting the upward trend of Neiro token price.
V. Risk Warning
1. The MEME project depends on the community active level. If the participation decreases, the project may be affected
2. As a MEME token, NEIRO may be affected by market sentiment and speculation, and there is a significant risk of volatility.
VI. Official links
Website :
https://www.neirocoin.xyz/
Twitter:
https://x.com/neiro_ethereum
Telegram:
https://t.co/TN7fF6HjcI
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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